Turnover of 50 crores will be considered for that Municipal corporation only as per Notification No. LBT. 2015 / C.R. 42 / UD-32 dated 15 September 2015
Turnover of 50 crores will be considered for that Municipal corporation only as per Notification No. LBT. 2015 / C.R. 42 / UD-32 dated 15 September 2015
September 18, 2015
We would like to bring your attention to the Maharashtra State Government notification dated 1 August 2015 that dealers with turnover of not less than INR 50 Crores shall only be liable for registration.
Subsequent to this announcement, RAI requested the state government to clarify the determination of turnover i.e., whether turnover within the Municipal corporation area is to be considered or turnover in relation to the business of the dealer within the entire State of Maharashtra.
In this regard, the Government has clarified that the turnover of the dealer within the Municipal corporation area is required to be considered as per Notification No. LBT. 2015 / C.R. 42 / UD-32 dated 15 September 2015 and not the turnover for the entire State of Maharashtra.